Summary
Description
Chief Financial Officer
About Austin Community Foundation
Austin Community Foundation (ACF) mobilizes ideas and resources to strengthen Central Texas. We envision a vibrant and equitable community where everyone can contribute and find opportunity. ACF is committed to closing the opportunity gap in Central Texas through targeted investments in housing affordability and economic mobility.
As a trusted local partner, ACF stewards approximately $640 million in assets in more than 1,300 charitable funds. Signature initiatives—such as FundATX (impact investing) and the Housing Accelerator Loan Fund—channel flexible capital into housing affordability and economic mobility, aligning with ACF's long-term strategic direction. Since its creation in 1977, ACF has granted more than $570 million to nonprofits across Central Texas and beyond.
Today, ACF is entering an exciting new chapter. After a decade of unprecedented growth, record grantmaking, and transformative investments across the region, ACF is poised to build on this momentum. Guided by a mission to mobilize ideas and resources that strengthen Central Texas and a vision for a vibrant, equitable community, ACF is investing in the financial and organizational infrastructure needed for its next stage of impact.
Learn more about ACF at https://www.austincf.org/.
The Opportunity
Austin Community Foundation is entering a pivotal moment in its evolution—one defined by continued growth, bold aspirations, and the advancement of its mission and vision. The incoming CFO will be a key strategic partner to the CEO and senior leadership team—helping shape ACF's long‑term financial direction and ensuring the organization is equipped to meet its growing ambitions. They will lead the financial strategy that underpins major initiatives: expanding impact‑investing programs such as FundATX, advancing the community endowment, improving enterprise planning and analysis, and increasing visibility into cost‑to‑serve and mission‑subsidy models. They will also join ACF at a pivotal moment, contributing directly to the creation of its next strategic plan.
As ACF deepens its role as a trusted philanthropic partner—engaging donors, fundholders, advisors, and community leaders—the CFO will translate complex financial information into clear, actionable insights that strengthen decision‑making across ACF. They will also support organization‑wide alignment by helping evaluate and execute strategic initiatives tied to ACF's evolving needs, changing community priorities, and long‑term sustainability goals.
This is a compelling opportunity for a mission‑driven leader who brings both strategic perspective and operational depth. The CFO will guide a financial strategy that supports ACF's continued growth, fosters innovation grounded in data, and enables ACF to scale its impact—ensuring that every dollar entrusted to ACF advances a stronger, more equitable Central Texas.
Key Responsibilities include:
People & Culture Leadership
• Lead, mentor, and develop a high-performing finance team—including a Vice President of Finance, Director of investments, Accounting Manager, Investment Accounting Manager, and Senior Accountant—to ensure clear roles, succession planning, and internal growth pathways.
• Recruit, train, coach, and evaluate staff; maintain appropriate cross-training for continuity and risk mitigation.
• Foster a culture grounded in ACF's values—Generosity, Local Impact, Connection, and Learning—with high accountability and collaboration.
• Support change management and help the senior leadership team evolve as ACF grows in size, complexity, and strategic ambition.
Accounting, Audit, Finance, Tax, Treasury & Reporting
• Working closely with a team of five, lead all accounting operations and ensure strong financial controls, accurate reporting, and compliance with GAAP, UPMIFA, IRS, FASB, and state regulations.
• Oversee preparation and review of audits, 990/990-T filings, state registrations, and subsidiary LLC filings.
• Manage treasury operations, including cash flow forecasting, liquidity planning, banking relationships, and reserve policy adherence.
• Oversee fund administration, new fund setup, complex fund structures, and core financial system maintenance.
• Ensure consistent application of gift acceptance, valuation, reserve, and financial policy frameworks.
• Partner closely with the Impact Team to respond to complex gift inquiries (LLCs, LPs, warrants, real estate, business interests) and coordinate due diligence and execution with legal counsel.
• Deliver accurate and timely internal and external financial reporting packages.
Financial Planning, Analysis & Performance
• Lead annual budgeting and forecasting processes, ensuring alignment with strategic goals, operational needs, and multiyear sustainability.
• Build a robust FP&A function, including service-line P&Ls, cost-to-serve analysis, mission-subsidy modeling, and long-term scenario planning.
• Provide actionable insights and analysis to senior leadership, the Board of Governors, and relevant committees.
• Maintain KPIs, dashboards, and data collection processes to improve visibility, accountability, and performance against strategic goals.
Investments & Complex Gifts
• Oversee accounting and reporting for ACF's diverse investment portfolio, including private equity, hedge funds, LLC/LP structures, impact-investing portfolios, notes receivable, and loan servicing.
• Manage valuation processes using appropriate methodologies (fair market value, NAV, limited marketable investments, Black-Scholes where relevant).
• Support underwriting, structuring, and monitoring of loans and impact-investing transactions.
• Oversee split-interest agreements, charitable trusts, and charitable gift annuities, ensuring accuracy and compliance.
Impact Investment Programs
• Collaborate with the Director of Investments to manage policies for FundATX and the Housing Accelerator Loan Fund.
• Review potential investees and ensure underwriting aligns with program standards, philanthropic intent, and risk frameworks.
• Oversee accounting, tracking, evaluation, and loss-reserve analysis for all impact investment portfolios.
• Provide reporting, memos, and analysis to the Community Impact Committee, the Affordable Housing Accelerator Committee, and other relevant groups.
• Partner with senior leadership to explore new impact investment opportunities aligned with ACF's strategic plan.
Compliance & Risk Management
• Co-lead enterprise risk management with the Chief of Staff, maintaining risk registers, mitigation plans, compliance frameworks, and organizational controls.
• Monitor nonprofit accounting standards, tax regulations, and investment compliance requirements; implement necessary updates.
• Ensure organization-wide adherence to internal policies, documentation, and audit-ready processes.
• Provide staff training and guidance on compliance expectations across financial operations.
Systems, Data & Process Modernization
• Partner with IT to maintain, enhance, and integrate accounting, fund administration, and investment systems.
• Lead process optimization and automation initiatives to elevate accuracy, consistency, and staff efficiency.
• Improve financial systems to support better analytics, reporting, donor experience, and organizational scale.
• Oversee technology enhancements that support KPI reporting, impact investment management, data governance, and cross-functional workflows.
Board Governance
• Serve as primary liaison to the Finance & Audit and Investment Committees, and support other committees (e.g., Affordable Housing Accelerator) as needed.
• Collaborate with committee chairs to develop agendas, annual work plans, reporting schedules, and governance materials.
• Ensure committee structures, processes, and documentation align with Foundation by laws, policies, and regulatory expectations.
Candidate Profile
The next CFO of ACF is a strategic, systems‑oriented leader who can elevate a strong finance function to meet the demands of ACF's next stage of growth. They bring experience modernizing financial operations—strengthening systems, refining processes, and enhancing analytics to improve accuracy and decision‑making. Equally capable as a hands‑on financial operator and strategist, they lead as a "player‑coach," building a high‑performing, collaborative finance team. Grounded in ACF's values of learning and continuous improvement, they help create the financial discipline, infrastructure, and culture required to support ACF's expanding impact.
The following offers an aspirational view of the ideal candidate profile; we encourage applications from candidates with a wide range of experiences and backgrounds, especially those from underrepresented groups.
Leadership Through Influence
The ideal candidate is an influential communicator who brings credibility and responsiveness to interactions with executive leadership, staff, donors, and board committees. They demonstrate cultural competence, deliver strong presentations, and translate complex information into actionable insights. They challenge assumptions constructively, navigate "yes-and" decision-making with the CEO, and support innovation grounded in data and community need. A trusted collaborator, they help strengthen their organization as partners and allies by fostering alignment, challenging assumptions constructively, and encouraging data-driven innovation.
Connection to the Mission
The next CFO is a mission-driven leader who brings clarity, foresight, and disciplined judgment. They resonate deeply with ACF's purpose and are motivated by the opportunity to help shape ACF's long-term direction, including efforts to build a community endowment and achieve ambitious asset-growth targets. Skilled in financial planning and analysis, they model complex scenarios, anticipate organizational needs, and balance entrepreneurial ideas with organizational guardrails.
Talent & Culture Stewardship
The next CFO is a strong people leader who invests deeply in team development and culture. They build collaborative, trusting relationships; create an environment where team members feel supported and accountable; and model ACF's values of Generosity, Local Impact, Connection, and Learning. They bring humility, curiosity, and an ownership mindset—supporting the growth of emerging leaders and helping the senior team evolve at scale. Skilled at managing up, down, and across an organization, they foster trust and accountability while ensuring the finance function remains cohesive, resilient, and aligned with ACF's mission.
Mastery of Complex Finance, Investments & Risk
A creative and out of the box thinker, the CFO brings a demonstrated record of leading sophisticated financial environments—including investment accounting for private equity, hedge funds, LLC/LP structures, and impact-investing portfolios. They have experience in underwriting or lending, understand evolving regulatory frameworks, and bring strength in risk and compliance functions. They are trusted stewards who protect donor intent, maintain transparency, and help ACF deploy capital confidently in service of community benefit.
Finance Operations & Enterprise Systems
A successful CFO at ACF is a financial operator at heart; they take pride in elevating systems, processes, and team performance. They bring experience leading large-scale system conversions, data integrations, and process improvements that strengthen accuracy, speed, and decision-making. Comfortable serving as a "player-coach," they model excellence while developing a resilient, high-performing finance function aligned with ACF's value of continuous learning.
In addition to demonstration of these core competencies, key skills and experiences desired include:
• A bachelor's degree in accounting, business administration, finance, or related field is required.
• 10+ years of relevant senior accounting, audit, tax and financial reporting experience, ideally in a community foundation, higher education, or a large, complex non-profit organization with endowments or complex investment portfolios is ideal.
• Demonstrated experience serving on, staffing and/or leading board committees including audit and finance and investments is highly desirable.
• CPA/CMA, MBA or other advanced degree is preferred.
• A strong work ethic, clear demonstration of honesty and integrity, and the highest ethical standards are assumed.
Location and Work EnvironmentThis role is based at the Austin Community Foundation offices in Austin, Texas. Candidates should live in or be willing to relocate to the Austin area. ACF works in a hybrid model, with team members convening in the office several times a week.
Compensation and Benefits
The salary range for this role is $200,000–$250,000, commensurate with experience.
Recognized as a Best Place for Working Parents®since 2022, ACF is proud to support a family-friendly workplace culture and offers employees a comprehensive benefits package, including employer-paid health, vision, dental, AD&D, and short/long term disability insurance. We also offer competitive compensation, 401(k) with employer match, generous paid time off, and professional development opportunities to support your growth and well-being.
Contact
DSG | Koya has been exclusively retained for this engagement, which is being led by Molly Brennan, Tyler Ridgeway, and Malissa Brennan. Submit a compelling cover letter and resume by filling out our Talent Profile. All inquiries are strictly confidential.
DSG | Koya is committed to providing reasonable accommodation to individuals living with disabilities. If you are a qualified individual living with a disability and need assistance expressing interest online, please email NPSIsearchoperations@dsgco.com. If you are selected for an interview, you will receive additional information regarding how to request an accommodation for the interview process.
Austin Community Foundation is an equal opportunity employer and strongly encourages applications from people of color, persons with disabilities, women, and LGBTQ+ applicants.
About DSG | Koya
DSG | Koya, a DSG Global company, is the nation's premier search firm dedicated to mission-driven leadership. Since its founding in 2004, DSG | Koya has had an exclusive focus on mission-driven clients and was founded on the belief that the right leader can transform an organization and have a deep and measurable impact on our world. DSG | Koya works with nonprofits & NGOs, responsible businesses, and social enterprises in local communities and around the world.
DSG Global is consistently recognized by Forbes on its top 10 list of "America's Best Executive Recruiting Firms" and is an industry leader in recruiting transformational leaders for a changing world. The firm is deliberately different in its approach, with best-in-class teams who have decades of experience in cultivating inclusive leaders, understanding the dimensions of diversity, and building equitable teams.
Learn more about DSG | Koya via the firm's website.
To apply, visit: https://www.dsgco.com/search/22857-austin-community-foundation-cfo/
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